Bleakley Financial Group LLC Has $4.72 Million Position in Citigroup Inc. $C

Bleakley Financial Group LLC increased its stake in Citigroup Inc. (NYSE:C) by 19.7% in the 4th quarter, Holdings Channel reports. The firm owned 40,421 shares of the company’s stock after purchasing an additional 6,647 shares during the period. Bleakley Financial Group LLC’s holdings in Citigroup were worth $4,717,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Richards Merrill & Peterson Inc. acquired a new stake in Citigroup in the 4th quarter worth approximately $28,000. Dunhill Financial LLC lifted its holdings in Citigroup by 92.2% in the 3rd quarter. Dunhill Financial LLC now owns 319 shares of the company’s stock worth $32,000 after purchasing an additional 153 shares during the last quarter. Luken Investment Analytics LLC acquired a new stake in Citigroup in the 4th quarter worth approximately $32,000. High Note Wealth LLC lifted its holdings in Citigroup by 107.7% in the 4th quarter. High Note Wealth LLC now owns 270 shares of the company’s stock worth $32,000 after purchasing an additional 140 shares during the last quarter. Finally, Guerra Advisors Inc acquired a new stake in Citigroup in the 3rd quarter worth approximately $33,000. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup completed multiple long-dated debt offerings, including 2056 notes, which strengthens funding and supports balance-sheet management. How New Funding, Living Will Approval, and Asian Wealth Push At Citigroup (C) Has Changed Its Investment Story
• Positive Sentiment: Regulators approved Citigroup’s 2025 living will, easing a key compliance concern and signaling improved capital-planning execution. How New Funding, Living Will Approval, and Asian Wealth Push At Citigroup (C) Has Changed Its Investment Story
• Positive Sentiment: The bank is accelerating its Asia wealth expansion, including a major hiring push, which could support fee growth and profitability over time. Citigroup to Accelerate Asia Wealth Expansion With Major Hiring Push
• Positive Sentiment: Citigroup was highlighted in a broader article about banks aggressively buying back stock, reinforcing the market’s view that large banks have ample capital-return capacity. Banks Are Buying Back Stock Hand Over Fist, Including These 3 Names
• Neutral Sentiment: Citigroup entities exited substantial holder status in two Australian companies, which appears more like portfolio repositioning than a direct driver for C shares. Citi Group Entities Exit Substantial Holder Status in Credit Corp

Insiders Place Their Bets

In other Citigroup news, insider Edward Skyler sold 25,000 shares of the company’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $131.41, for a total value of $3,285,250.00. Following the sale, the insider directly owned 182,022 shares in the company, valued at $23,919,511.02. This represents a 12.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John Cunningham Dugan sold 2,117 shares of the company’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $125.30, for a total value of $265,260.10. Following the completion of the sale, the director owned 12,194 shares in the company, valued at $1,527,908.20. This trade represents a 14.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Barclays boosted their target price on Citigroup from $146.00 to $154.00 and gave the stock an “overweight” rating in a report on Wednesday, April 15th. Zacks Research lowered Citigroup from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. Wells Fargo & Company upped their price target on Citigroup from $160.00 to $162.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Piper Sandler reissued an “overweight” rating and issued a $145.00 price objective (up from $125.00) on shares of Citigroup in a research report on Wednesday, April 15th. Finally, Truist Financial set a $147.00 price objective on Citigroup in a research report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $137.62.

Citigroup Stock Performance

C opened at $126.79 on Wednesday. The stock has a market cap of $216.25 billion, a PE ratio of 15.71, a P/E/G ratio of 0.56 and a beta of 1.14. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.59. Citigroup Inc. has a 1 year low of $73.49 and a 1 year high of $135.29. The stock’s 50 day simple moving average is $121.85 and its 200-day simple moving average is $115.28.

Citigroup (NYSE:C) last announced its quarterly earnings results on Tuesday, April 14th. The company reported $3.06 earnings per share for the quarter, beating analysts’ consensus estimates of $2.63 by $0.43. Citigroup had a return on equity of 9.19% and a net margin of 9.35%.The firm had revenue of $24.63 billion for the quarter, compared to analysts’ expectations of $22.96 billion. During the same period in the prior year, the business posted $1.96 earnings per share. The business’s revenue was up 14.1% compared to the same quarter last year. Sell-side analysts forecast that Citigroup Inc. will post 10.65 EPS for the current year.

Citigroup announced that its Board of Directors has authorized a share repurchase plan on Thursday, May 7th that authorizes the company to repurchase $30.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 13.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Citigroup Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Monday, May 4th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Monday, May 4th. Citigroup’s dividend payout ratio is 29.74%.

Citigroup Profile

Citigroup Inc is a global financial services company headquartered in New York City with roots tracing back to the City Bank of New York, founded in 1812. The modern Citigroup was created through the 1998 merger of Citicorp and Travelers Group and has since operated as a diversified bank holding company that provides a broad range of banking and financial products and services to consumers, corporations, governments and institutions worldwide.

Citi’s principal businesses include retail and commercial banking, credit card and consumer lending products, wealth management and private banking, and a full suite of institutional services.